Revenue and net profit increased! Sany Heavy Industry released its third quarter report for 2024

On October 30, Sany Heavy Industry announced its third quarter report for 2024.

In the third quarter, the operating income was 19.152 billion yuan, a year-on-year increase of 19.4%; net profit attributable to shareholders of listed companies was 1.295 billion yuan, a year-on-year increase of 96.49%.

In the first three quarters, the operating income was 57.891 billion yuan, a year-on-year increase of 4.22%; The net profit attributable to shareholders of listed companies was 4.868 billion yuan, a year-on-year increase of 19.66%, and the net cash flow from operating activities was 12.375 billion yuan, a year-on-year increase of 151.74%.

According to the report, the net profit attributable to shareholders of listed companies increased significantly in the third quarter, mainly due to the increase in sales revenue and the decline in expense ratio during the period. The significant increase in net cash flow from operating activities in the first three quarters was mainly due to the increase in operating profit, the decrease in purchase payments and the increase in net receipts from its subsidiaries, Sany Auto Gold and Sany Financial Leasing.

Since the beginning of this year, Sany Heavy Industry has comprehensively promoted the three strategies of globalization, digital intelligence and low-carbonization, continuously improved its global operating capabilities, continued to grow overseas sales revenue, accelerated the in-depth development of intelligent manufacturing, intelligent products and intelligent operations, and continuously made breakthroughs in new energy products, which have been favored by the market.

In the future, Sany Heavy Industry will adhere to the principle of high-quality development and management, unswervingly implement the "three modernizations" strategy, vigorously develop new quality productivity, strengthen R&D and innovation, and promote the transformation of the industry to "high-end, intelligent and green".